The EIU view

The current centrist coalition is only the second without the long-dominant Christian Social Party (CSV) in the post-war period. However, we expect the CSV to return to power following the election in October 2018. Economic growth remains strong, driven by exports of financial services. Real GDP grew by 3% in 2017 and we expect growth of 3.4% on average in 2018-19.

Bettel’s government sworn in
After winning the general election, the incumbent coalition has outlined its agenda for the next legislative term. A broad pro-business policy approach will also remain in place.

Temperate, transitional in character between the maritime climate of north-west Europe and the semi-continental climate of the east

In Luxembourg City temperatures range from an average of 1°C in January to 18°C in July, with minimums and maximums ranging from around -10°C to 35°C. Annual average rainfall in Luxembourg City is 782 mm

LANGUAGE:

Official languages: Luxembourgish, French and German. Luxembourgish, which is linguistically close to German, is the dialect spoken by the native population. However, it was not codified into a written language until 1985, so French and German are used for official documents and the press. French is the most widely used language of communication between communities and English is widely spoken

MEASURES:

Metric system

CURRENCY:

Euro (€) = 100 cents

TIME:

1 hour ahead of GMT in winter, 2 hours ahead in summer

PUBLIC HOLIDAYS:

January 1st (New Year's Day), April 2nd (Easter Monday), May 1st (Labour Day), May 10th (Ascension Day), May 21st (Whit Monday), June 23rd (National Day), August 15th (Assumption Day), November 1st (All Saints' Day), December 25th (Christmas Day), December 26th (St Stephen's Day)
(If a public holiday falls on a weekend the day off is given to employees within three months)